Collectables

Definition of Collectables

Physical Metals are deemed to be Collectables if their value exceeds their face value and they are traded at a price above the spot price of their metal contents. Where in doubt as to what constitutes a Collectable we strongly advise you to seek clarification with the ATO directly.

Generally investing in Physical Metals that have no Collectable Value (for example Physical Metal Bars) will not be defined as a Collectable Investment.

However, where the Physical Metal has a Collectable Value and hence falls within the definition of a Collectable then the more onerous Collectables Rules will apply. This means that the Metals cannot be stored in the private residence of the Member or an associate of the Member and the Metals must be insured in the name of the SMSF within 7 days of the Metals being acquired.

Invest in Physical Metals defined as Collectables

The Preferred Broker to invest in Metals that are deemed to be collectables is Bullion Capital.

Metals purchased through BCL that are deemed to be collectables must be stored with BCL and clients cannot take physical delivery of these Metals. In addition, Physical Metals purchased and stored through BCL are fully insured. These restrictions are legal restrictions imposed by Super Laws.

Can your SMSF use Other Metal Brokers?

Yes. ESUPERFUND Clients are permitted to invest in Metals with Brokers other than our Preferred Broker.

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The contents of this website are of a general nature only and have not been prepared to take into account any particular investor's objectives,
financial situation or particular needs. ESUPERFUND does not provide financial product advice or recommend any financial products:
This applies equally to those financial products which are established for your SMSF when you become a client of ESUPERFUND.
Where this publication refers to a particular financial product then you should obtain a Product Disclosure Statement (PDS) relating to that product and consider the PDS before making any decision about whether to acquire the product.
We also recommend that you should seek professional advice from a financial adviser before making any decision to purchase any financial product referred to on this website.
While the sources for the material are considered reliable, responsibility is not accepted for any inaccuracies, errors or omissions.
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